Multiactive Software Hits the 'Software 500'
Revenue Performance Establishes Multiactive as One of the World's Top 500
Software Companies
VANCOUVER, British Columbia, July 13 /CNW/ -- Multiactive Software,
Inc. (CDN: MSWI) announced that it has made Software Magazine's 17th annual
"Software 500" list, published June 15, 1999. This ranking of the world's
foremost software providers is based on total worldwide software revenue.
According to the publication, the list represents, "the best, brightest and
most successful in the software industry."
This is Multiactive's first appearance on Software Magazine's annual list
of who's who among worldwide software vendors with US$11.5 million in global
revenues for the fiscal year ended November 30, 1998.
"This is just the beginning for us -- Multiactive is climbing quickly,"
says Brent Halverson, President, Multiactive Software. "Our year-to-date
revenues have already increased by 55.7 percent over last year's pace; our
just released Entice! e-business solution is receiving acclaim from the
industry press; ecBuilder and Maximizer are recognized as the best in their
respective industries; and there is significant market opportunity for our
entire product line."
Halverson continues, "With the global economy shifting gears to high
technology and software development, the competition to make it on this list
will increase. Multiactive will, however, always be on the list, and we will
always be moving up the ranks."
Multiactive Software reported gross revenues of $6.34 million for the
quarter, which represents a 51 percent increase over the corresponding period
of 1998 and a 16 percent increase over the first quarter of 1999. Year-to-date
revenues amounted to $11.74 million, which represents an increase of
55.7 percent over the $7.54 million recorded for the six months ended May 31,
1998.
About Multiactive Software:
Multiactive Software Inc. is a leading developer of innovative e-business,
sales, marketing and customer management software, including Entice!(TM),
ecBuilder(R), ecBuilder Pro(R), Maximizer(TM), and Maximizer Enterprise(TM).
Designed to facilitate, track, analyze, and automate the sales, marketing, and
customer service processes, these award-winning applications are used by more
than a million people worldwide. ecBuilder recently received the prestigious
"Best Internet Commerce Software" Codie Award for 1999 from the Software and
Information Industry Association (SIIA).
The company has offices located throughout North America, Latin America,
Europe and Asia Pacific and a customer base that includes such leading
companies and institutions as Siemens, BankBoston, Travelers Insurance, Virgin
Records and Pennzoil. To find out more about Multiactive Software and its
products, call 800-804-6299 or visit multiactive.com.
This release may contain certain forward-looking statements reflecting
Multiactive Software, Inc.'s current expectations in the electronic business
and sales and customer management software markets. Investors are cautioned
that all forward-looking statements involve risks and uncertainties,
including, without limitation, changes in market and competition,
technological and competitive developments, and potential downturns in
economic conditions generally. Additional information on these and other
potential factors that could affect the company's financial results are
detailed in documents filed from time to time with the Ontario Securities
Commission.
NOTE: All trademarks or registered trademarks stated herein are
properties of their respective owners.
For more information, contact Brenda Christensen, VP, Corporate
Communications of Multiactive Software Inc., 818-884-5391, or
blcmultiactive.com.
For further information: Brenda Christensen, VP, Corporate
Communications of Multiactive Software, Inc., 818-884-5391, or
blc@multiactive.com
/Web site: multiactive.com |
